• Spanish cement consumption up by 5.3%

    Cement consumption in Spain reached 11 408 287 t by the end of 2015, 5.3% more than in 2014. This figure confirms the slowdown in annual growth. Exports have fallen by 4.4% in 2015, reaching 9 233 979 t, 422826 t less than in 2014. In 2016, Oficemen expects a moderate growth of 7

  • Sinoma and ABB sign strategic cooperation agreement

    In early January 2016, Sinoma-Int and ABB held a strategic agreement signing ceremony. Mr. Yin Zhisong, general manager of Sinoma-Int, and Mr. Ya Wenlin, director of ABB, jointly signed the agreement. Mr. Shen Jun, chairman of Sinoma-Int, and Dr. Gu Chunyuan, chairman and CEO of

  • CDI sign EPC contract with Xinfeng

    CDI (Chengdu Design & Research Institute of Building Materials Industry Company) has signed a SNG (Synthetic Natural Gas) project EPC contract with Hebei Wuan Xinfeng Circular Economy Industrial Investment Development Company in Handan. It will have a significant impact on re

  • Sinoma awarded AAA credit enterprise rating

    China Chamber of Commerce for Import & Export of Machinery and Electronic Products recently organised the 2015 enterprise credit grade evaluation. After re-evaluation, Sinoma Equipment and Technology Group Co. Ltd. once again obtained the highest grade, AAA, credit enterprise

  • Sberbank receives 6% of LafargeHolcim from Eurocement in repurchase deal

    Russia: Sberbank CIB, the investment banking arm of Russian lender Sberbank, has announced that it holds 6% of LafargeHolcim following a repurchase deal with Eurocement. Under the terms of the agreement, Sberbank CIB had organised financing for Eurocement Holding AG in return for

  • INDIA - India Cement Consumption to Improve by 2018

    India's cement consumption could go up by 9 per cent only in full-year 2018, said analysts from JP Morgan, who expect demand in 2016 to be gradual. A sharp contrast to 2015, where the India cement sector outperformed the broader markets; large caps and mid-caps delivered positive

  • Sudan government plans to raise cement production capacity to 5Mt/yr

    Sudan: The Minister of Investment Mudathir Abdul-Ghani has revealed state plans to increase cement production capacity from 3Mt/yr to 5Mt/yr. The aim is to achieve self-sufficiency and to build an export surplus according to local media. The announcement was given at a meeting wi

  • BIMCO’s global economic report

    According to BIMCO’s 2016 report, 2015 never really took off, even though the global economic activity looked stronger earlier in the year. The negative indicators seen at the end of 2014 were not overcome, and the industry saw a significantly lower level of growth for global GD